Form 4: WSFS Financial Corp Executive Lisa M. Brubaker Reports Tax Withholding on Vested Restricted Stock Units
SEC Form 4
Lisa M. Brubaker, EVP, CHRO of WSFS Financial Corp, reports the withholding of shares to cover taxes on vested restricted stock units.
Summary
- On April 15, 2025, Lisa M. Brubaker, EVP, CHRO of WSFS Financial Corporation, had shares of common stock withheld to cover taxes due on vested restricted stock units.
- A total of 1,132 shares were withheld at a price of $47.26 per share.
- Following these transactions, Ms. Brubaker directly owns 42,897 shares of WSFS Financial Corp common stock and indirectly owns 1,894 shares through a 401k.
Sentiment
Score: 7
Explanation: This is a routine filing related to tax obligations on vested stock, indicating standard compensation practices. It's neutral to slightly positive as it reflects the executive's compensation package.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 04/15/2025 | Date of transaction: shares withheld for taxes on vested restricted stock units |
| 04/17/2025 | Date of signature on the Form 4 filing |
Keywords
WSFS Financial Corp, Lisa M. Brubaker, Form 4, Beneficial Ownership, Tax Withholding, Restricted Stock Units, EVP, CHRO, Common Stock, Securities
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